AUD/USD shows potential decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 66% 60% 9.09%
Shorts 34% 40% -17.65%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Bears dominated the AUD/USD currency pair on Tuesday. This downside momentum began after the rate hit a resistance cluster formed by the 55– hour simple moving average and the weekly pivot point near the 0.7415 mark.

Given that the pair has revealed new downtrend channel, it is likely that the journey south could continue in the short-term.

Technical indicators flash bearish signals today. Nevertheless, taking into consideration that the price action is located below all three SMAs, the currency exchange rate could decline further south during this session. However, It should be noted that this assumption could be disrupted by fundamentals event today. 

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